Summary
Banyan Tree Holdings Limited (also known as Banyan Tree Group) is a Singaporean multinational hospitality brand that manages and develops resorts, hotels and spas in Asia, America, Africa and the Middle East established in 1994.[1]
 | |
| Banyan Tree Holdings | |
| Company type | Subsidiary |
| SGX: B58 | |
| Industry | Hotels |
| Founded | 1994 |
| Founder | Ho Kwon Ping, Claire Chiang, Ho Kwon Cjan |
| Headquarters | |
| Brands | Banyan Tree Hotel & Resorts, Angsana Hotels & Resorts, Laguna, Cassia, Dhawa, Folio, Garrya, Homm, Banyan Tree Escape, Banyan Tree Veya |
Number of employees | 12,000+ |
| Website | groupbanyan.com |
History edit
Banyan Tree started when founder Ho Kwon Ping and his wife Claire Chiang came across a plot of land while they were on holiday in Bang Tao Bay, on the western coast of Phuket in the Andaman Sea. They purchased the land and embarked on a regeneration programme, reintroducing indigenous plants. Ten years later in 1994, the first resort Banyan Tree Phuket was built.[citation needed]
In 2009, Banyan Tree Global Foundation was created as part of Banyan Tree Holdings Limited. In December 2016, Banyan Tree entered into a partnership with a French hospitality company Accor. As part of the deal, Accor would invest €16 million to Banyan Tree in exchange for a 5% stake in the company, with an option to purchase an additional 5% stake.[2]
In May 2019, Banyan Tree announced its first resort in Singapore on a 4.6 hectares (11 acres) site in Mandai.[3]
Brands edit
As of July 2023[update], the company operates 70 resorts and hotels. Under its management are also 63 spas, 64 retail galleries, and three championship golf courses in 23 countries.[4] Banyan Tree currently markets its properties under ten brands, including Banyan Tree, Angsana, Laguna, Cassia, Dhawa, Garrya, Homm, Baynan Tree Escape, Banyan Tree Veya, and Folio.[5][6]
See also edit
References edit
- ^ "Banyan Tree Group Unveils New HOMM Brand with First Location in Phuket, Thailand" (PDF). Banyan Tree Group. 10 January 2022. Retrieved 15 March 2022.
- ^ Banyan Tree and AccorHotels announce strategic partnership Accor, 7 December 2016
- ^ Banyan Tree's Ho Kwon Ping Singapore Tatler, 17 May 2019
- ^ ttgasia.com
- ^ "Hotels & Resorts - Banyan Tree". www.banyantree.com. Retrieved 15 March 2022.
- ^ "The curious case of Banyan Tree Hotels & Resorts and its relentless growth". The Peak. Retrieved 28 July 2023.
External links edit
Media related to Banyan Tree Holdings at Wikimedia Commons
- Official website